MANAGEMENT

Detailed explanation-1: -(A) Saving Deposits :-A Savings Account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

Detailed explanation-2: -An interest-bearing account is a type of bank account that pays the customer an interest rate in exchange for them depositing their money at the bank. The return and interest rate offered will vary by bank and depend on the account terms and conditions. They can also change over time.

Detailed explanation-3: -The BSP Finance Term Deposit is an interest bearing investment account, which is established for a specific amount, for a fixed term and fixed interest rate for personal and business clients wishing to invest in BSPF and want to retain the value of their funds and also benefit from a return of investment.

Detailed explanation-4: -Interest checking accounts, otherwise known as interest-bearing checking accounts, are checking accounts that pay an interest rate on the money held on deposit. There are key similarities and key differences between interest-bearing checking accounts and savings accounts.

Detailed explanation-5: -They include savings accounts, high-yield online savings accounts, money market accounts and Certificates of Deposit.